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$623,000

NAL Estimated Property Value

425 Proctor Ave, Waco, TX, 76708

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,141 Sq Ft
price_per_sqft$293.32 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesSome Gas Appliances, Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator, Tankless Water Heater, Washer

Exterior

Lot Size6,229 sqft

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces2

Land Information

APN480067050005040
Lot Number4
SubdivisionCameron Park Cottages
Land UseResidential
Legal DescriptionCAMERON PARK COTTAGES LOT 4 BLOCK 5 ACRES .143
Census Tract001300
Assessed Land Value$19,560
Assessed Improvement Value$314,440
Assessment Year2025

About this property

This brand-new 4-bedroom, 3.5-bathroom home is ideally located in the heart of Waco—just minutes from the Magnolia Silos, the scenic trails of Cameron Park, vibrant Downtown, and the newly opened Foster Pavilion. Set in a rapidly evolving neighborhood along the 4th & 5th Street corridor, this home is surrounded by other new construction properties and benefits from the area’s exciting transformation. With continued development, improved walkability, and growing interest from investors and visitors alike, this part of Waco is becoming one of the city’s most desirable zones for short-term rentals and second homes. Inside, the home features two king suites, along with two additional bedrooms offering a total of four twin beds—ideal for accommodating large groups. The bright, open-concept kitchen and living area showcases modern finishes and thoughtful design, creating the perfect space for entertaining or relaxing. Offered fully furnished, this home is completely turnkey—ready to generate short-term rental income on day one or serve as your personal Baylor game day retreat. Whether you’re looking for a strong STR investment or a second home in a fast-growing part of Waco, this property is a rare opportunity. Property can be purchased as a bundle along with 421 Proctor, 2022 N 5th, and 2024 N 5th St - all within feet of each other operating as short term rentals. Zoned O-3 for the unrestricted right to operate as a short term rental.

Investor Tools

Property Icon
$623,000
Estimated Property Value
$0Estimated Mortgage Balance
$623,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,768 /month
Positive
Cash Flow Estimate:
$1,256 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$887/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,534
$334,000
2025
$19,560
$314,440
$334,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,534
$334,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$623,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
N/A
+$1,370/mo
2.6%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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425 Proctor Ave | Property Details | No Agent List